iPath Bloomberg Commodity Index Total Return ETNArca
Description
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The chart of DJP, the Dow Jones Commodity ETF, if forming a descending triangle, which typically is a bearish manifestation on the charts, particularly when it occurs as a continuation pattern. I will take a short position here if a BO occurs.
Thank you for your work Peter! The bounce in the 2nd half of last week seems to morph the triangle into a falling wedge. More bearishness to come for the markets...? (I've drawn my triangle based on the lowest daily close)
JoeChampion
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Fantastic one!
ChartProphet
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I love your chart, I am thinking a long similar lines. I expect DXY to rally
The bounce in the 2nd half of last week seems to morph the triangle into a falling wedge. More bearishness to come for the markets...?
(I've drawn my triangle based on the lowest daily close)